Checkmarx

Company Overview

Snapshot

Founded in April 2006 by Maty Siman, Checkmarx operates with over 900 employees. The company has raised $98.5 million across 3 funding rounds from 4 investors. In March 2020, Checkmarx was acquired by Hellman & Friedman.

Business overview

Checkmarx provides application security solutions, focusing on true source code analysis throughout the software development lifecycle to detect vulnerabilities at an early, pre-build stage. This approach aims to reduce risk and cost while decreasing tension between security and development needs. The company's solutions ensure maximum application security within enterprise and cloud platform models, serving markets that require robust application security testing.

Strategic signal

In September 2024, news reports indicated that Checkmarx was on the market with a $2.5 billion price tag. This suggests a significant potential liquidity event or strategic shift for the company, signaling strong market valuation and investor interest in its application security offerings, four years after its acquisition by Hellman & Friedman.

Company Intelligence Q&A

When was Checkmarx acquired and by whom?

Checkmarx was acquired by Hellman & Friedman in March 2020.

What was a key strategic acquisition made by Checkmarx?

In August 2021, Checkmarx acquired Dustico, a software supply chain security provider, to enhance its offerings.

What is the latest version of Checkmarx's AI-powered platform?

Checkmarx released Version 3.0 of its AI-Powered Checkmarx One™ Enterprise AppSec Platform in October 2023.

What significant leadership change occurred at Checkmarx in 2023?

In February 2023, Checkmarx appointed Sandeep Johri as CEO, with co-founder Emmanuel Benzaquen continuing to serve on the board of directors.

How has Checkmarx been recognized by Gartner?

Checkmarx was recognized as a leader in Static Application Security Testing (SAST) by an independent research firm in September 2023, and has been a leader in Gartner's Magic Quadrant for Application Security Testing in 2018, 2019, 2020, and 2022.